Governor Fubara Inaugurates New Electrical and Electronics Market

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Rivers State Governor, Sir Siminalayi Fubara, announced that the state is committed to creating a favorable business climate to attract and protect investors. Speaking at the inauguration of Phase 1 and the flag-off of Phase 2 of the Port Harcourt Electrical Village, located along KM 17, Port Harcourt-Aba Expressway, Fubara emphasised the importance of private sector initiatives in the state’s economic development.

 

Governor Fubara highlighted that the Electrical Village project, initiated by a private investor, demonstrates the capacity and trust in the favorable investment environment his administration has established. He reiterated that the state is open to investors and committed to providing the necessary support for their businesses to thrive.

 

Fubara also addressed the current situation in the Okija area of Port Harcourt, where electrical and electronic dealers operate in a disorganised manner, causing traffic issues. He praised the decision to move these businesses to the new Electrical Village, which will provide a more organized and efficient environment for their activities.

 

The Governor expressed his support for the private investor behind the project and assured that the state government would protect their investment. He also responded positively to a request to subsidise rent for stores in the new market to encourage businesses to relocate from Okija.

 

Commissioner for Physical Planning and Urban Development, Prince Isaac Umejuru, noted the Governor’s efforts in transforming Rivers State into a commercial hub, which will attract more economic activities and improve urban livability.

 

Barrister Emmanuel Ogbebor, Executive Chairman of Revelation Paints Limited, explained that the Electrical Village project aims to provide a centralized and convenient location for electrical wares dealers. The first phase includes 620 lock-up shops, with plans for additional facilities such as a clinic, police station, banks, and car parks.

 

Amb Chijioke Ihunwo, leader of the Simplified Movement in Obio/Akpor Local Government Area, thanked Governor Fubara for his developmental projects and assured the Governor of the community’s commitment to protecting these investments. Secretary of the Rivers State Electrical Dealers’ Association, Chaplain Jerry Azubuike, also expressed gratitude to the Governor and requested subsidised rents to facilitate the relocation of businesses from Okija to the new Electrical Village.

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